Exhibit 99.1

Exhibit 99.1

First BanCorp Investor Presentation

June 2014

Disclaimer

This presentation may contain “forward-looking statements” concerning the Corporation’s future economic performance. The words or phrases “expect,” “anticipate,” “look forward,” “should,” “believes” and similar expressions are meant to identify “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created by such sections. The Corporation wishes to caution readers not to place undue reliance on any such “forward-looking statements,” which speak only as of the date made, and to advise readers that various factors, including, but not limited to, the following could cause actual results to differ materially from those expressed in, or implied by such forward-looking statements: uncertainty about whether the Corporation and FirstBank will be able to fully comply with the written agreement dated June 3, 2010 that the Corporation entered into with the Federal Reserve Bank of New York (the “New York Fed”) and the consent order dated June 2, 2010 that FirstBank entered into with the FDIC and the Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico (the “FDIC Order”) that, among other things, require FirstBank to maintain certain capital levels and reduce its special mention, classified, delinquent, and non-performing assets; the risk of being subject to possible additional regulatory actions; uncertainty as to the availability of certain funding sources, such as brokered CDs; the Corporation’s reliance on brokered CDs and its ability to obtain, on a periodic basis, approval from the FDIC to issue brokered CDs to fund operations and provide liquidity in accordance with the terms of the FDIC Order; the risk of not being able to fulfill the Corporation’s cash obligations or resume paying dividends to the Corporation’s stockholders in the future due to the Corporation’s inability to receive approval from the New York Fed or the Board of Governors of the Federal Reserve System (“Federal Reserve Board”) to receive dividends from FirstBank or FirstBank’s failure to generate sufficient cash flow to make a dividend payment to the Corporation; the strength or weakness of the real estate markets and of the consumer and commercial credit sectors and their impact on the credit quality of the Corporation’s loans and other assets, which has contributed and may continue to contribute to, among other things, the high levels of non-performing assets, charge-offs, and provisions and may subject the Corporation to further risk from loan defaults and foreclosures; the ability of FirstBank to realize the benefit of the deferred tax asset; adverse changes in general economic conditions in Puerto Rico, the U.S., and the U.S. Virgin Islands and British Virgin Islands, including the interest rate environment, market liquidity, housing absorption rates, real estate prices, and disruptions in the U.S. capital markets, which may reduce interest margins, impact funding sources, and affect demand for all of the Corporation’s products and services and reduce the Corporation’s revenues, earnings, and the value of the Corporation’s assets; an adverse change in the Corporation’s ability to attract new clients and retain existing ones; a decrease in demand for the Corporation’s products and services and lower revenues and earnings because of the continued recession in Puerto Rico, the current fiscal problems and budget deficit of the Puerto Rico government and recent credit downgrades of the Puerto Rico government; a credit default by the Puerto Rico government or any of its public corporations or other instrumentalities, and recent and/or future downgrades of the long-term debt ratings of the Puerto Rico government, which could adversely affect economic conditions in Puerto Rico; the risk that any portion of the unrealized losses in the Corporation’s investment portfolio is determined to be other-than-temporary, including unrealized losses on Puerto Rico government obligations; uncertainty about regulatory and legislative changes for financial services companies in Puerto Rico, the U.S., and the U.S. Virgin Islands and British Virgin Islands, which could affect the Corporation’s financial condition or performance and could cause the Corporation’s actual results for future periods to differ materially from prior results and anticipated or projected results; changes in the fiscal and monetary policies and regulations of the federal government, including those determined by the Federal Reserve Board, the New York Fed, the FDIC, government-sponsored housing agencies, and regulators in Puerto Rico and the U.S. and British Virgin Islands; the risk of possible failure or circumvention of controls and procedures and the risk that the Corporation’s risk management policies may not be adequate; the risk that the FDIC may further increase the deposit insurance premium and/or require special assessments to replenish its insurance fund, causing an additional increase in the Corporation’s non-interest expenses; the impact on the Corporation’s results of operations and financial condition of acquisitions and dispositions; a need to recognize additional impairments on financial instruments, goodwill, or other intangible assets relating to acquisitions; the risks that downgrades in the credit ratings of the Corporation’s long-term senior debt will adversely affect the Corporation’s ability to access necessary external funds; the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act on the Corporation’s businesses, business practices, and cost of operations; the risk of losses in the value of investments in unconsolidated entities that the Corporation does not control; and general competitive factors and industry consolidation. The Corporation does not undertake, and specifically disclaims any obligation, to update any “forward-looking statements” to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by the federal securities laws.

1

Franchise Overview

Well diversified with significant competitive strengths

Founded in 1948

Headquartered in San Juan, Puerto Rico with operations in PR, Eastern Caribbean (Virgin Islands) and Florida

–~2,500 FTE employees(1)

2nd largest financial holding company in Puerto Rico with attractive business mix and substantial loan market share

Florida presence with focus on serving south Florida region

The largest depository institution in the US Virgin Islands with approximately 40% market share

146 ATM machines and largest ATM network in the Eastern Caribbean Region(2)

A well diversified operation with over 650,000 retail & commercial customers

Eastern Caribbean: 7% of Assets

15% of core deposits (3) 12 bank branches

2 First Express branches

SE Florida:

9% of Assets

29% of core deposits (3)

12 bank branches 1 Loan Production Office

Total Assets - $12.8B

Total Loans - $9.6B

Total Deposits - $10.0B

As of March 31, 2014.

1) FTE = Full Time Equivalent.

2) Eastern Caribbean Region or ECR includes United States and British Virgin Islands.

3) Data as of March 31, 2014. Core deposits excludes brokered CDs.

2

Franchise Overview

Well positioned Puerto Rico institution in a consolidating market

($ in millions)

Puerto Rico Total Assets (1) Puerto Rico Total Loans (1) Puerto Rico Deposits, Net of Brokered (1)

Portfolio Market Portfolio Market Portfolio Market

Institutions Institutions Institutions

Balance Share Balance Share Balance Share

1 Banco Popular $ 26,075 40.5% 1 Banco Popular $ 19,092 39.7% 1 Banco Popular $ 18,457 44.6%

2 FirstBank 9,804 15.2% 2 FirstBank 7,999 16.6% 2 Banco Santander 5,298 12.8%

3 Oriental Bank 7,391 11.5% 3 Banco Santander 5,129 10.7% 3 Oriental Bank 4,594 11.1%

4 Scotiabank 6,386 9.9% 4 Oriental Bank 5,094 10.6% 4 FirstBank 4,168 10.1%

5 Banco Santander 6,376 9.9% 5 Scotiabank 4,565 9.5% 5 Scotiabank 3,700 8.9%

6 Doral Bank 4,990 7.7% 6 Doral Bank 2,660 5.5% 6 Citibank 2,785 6.7%

7 Citibank 2,789 4.3% 7 Citibank 661 1.4% 7 Doral Bank 1,843 4.5%

8 Banco Cooperativo 574 0.9% 8 Banco Cooperativo 170 0.4% 8 Banco Cooperativo 487 1.2%

9 BBU 41 0.1% 9 Other (Auto Lenders) 2,767 5.7% 9 BBU 26 0.1%

Total $ 64,427 100% Total $ 48,135 100% Total $ 41,358 100%

Strong and uniquely positioned franchise in densely populated regions of core operating footprint

Strong market share in loan portfolios facilitates customer relationship expansion and cross-sell to increase deposit share

Long-term opportunity for additional consolidation

– Branch overlap of greater than 40% with six Puerto Rico institutions(2)

1-mile branch overlap(3) 80% 42 44 47 42 64

Source: PR Market Share Report prepared with data provided by the Commissioner of Financial Institutions of Puerto Rico as of 3/31/14.

1) Puerto Rico only.

2) Calculated as institution bank branches within a mile of an FBP branch as a percentage of total institution branches.

3) Alphabetical order.

3

Franchise Overview

Our turnaround story

June 2010: August 2010: February 2011: October 2011: March 2013: August 2013:

Written Exchange of 89% Sale of Private placement Sale of non-performing Completed

Agreement Perpetual non-performing of $525 million in loans with a book value secondary

with the FED Preferred Stock loans with a common stock. of $217.7 million and offering reducing

and Consent for Common book value of Lead investors entered two separate ownership

Order with $269 million included Thomas H. agreements for sale of interest of U S

FDIC

Lee & Oaktree NPLs with a book value Treasury and PE

of $99 million Investors

2010 2011 2012 2013 2014

June 2013: March 2014:

October 2011: Write-off of $66.6 Achieved three

Feb-April 2011:

July 2010: Sale of $330 Conversion of May 2012: million collateral consecutive

The U.S. million of MBS the shares held Acquisition of a pledged to quarters of

Treasury and $518 by the U.S. $406 million Lehman, sale of profitability.

exchanged million of Treasury into portfolio of NPLs with book Average PPPT

TARP for performing 32.9 million FirstBank-bran value of $203.8 income over

convertible residential shares of branded credit million and $19.2 three quarters

preferred mortgages common stock cards from FIA million of OREO $51.9 million

($ in millions) 2009 1Q 2014 Change (‘09-‘14) % improvement

(1)

De-Risking of Balance Sheet NPAs $1,711 $731 $980 57%

NPAs/assets 8.7% 5.7% 301 bps

Tier 1 Common 4.1% 13.2% 909 bps 108% (1)

Capital (1)

TCE / TA 3.2% 9.0% 577 bps 83%

Core deposits $5,108 $6,876 $1,768 35% (1)

Enhanced Franchise Value

NIM 2.69% 4.27% 158 bps

1) Represents change in dollar amount.

4

First Quarter 2014

Improved Profitability; Focus Remains on Credit

Profitability

Asset Quality

Core Deposits

Capital

Net income of $17.1 million, or $0.08 per diluted share, up 15.5% compared to $14.8 million in 4Q 2013.

Year-over-year 1Q net income increased $12.5 million compared to adjusted 1Q 2013 net income of $4.6 million.

Net interest margin increased by 2 basis points to 4.27% driven by higher yields on commercial loans.

Strong pre-tax, pre-provision income of $56.9 million the highest level since 4Q 2009, up 19.6% from $47.6 million in 4Q 2013.

NPAs/Assets remained flat at 5.7%. Total NPAs increased by $5.3 million, less than 1%, compared to 4Q 2013. No large nonperforming loan sales were completed during the quarter.

Adversely classified assets declined $69.0 million compared to 4Q 2013.

OREO inventory balance declined $21.6 million due to sales of $23.0 million completed in 1Q 2014.

Inflows to nonperforming loans increased by $16.3 million driven mainly by one large commercial loan relationship.

Provision for loan and lease losses of $31.9 million compared to $23.0 million in 4Q 2013. Increase due to charge-offs of impaired commercial loans and a higher commercial and consumer general reserve.

Net charge-offs of $51.0 million, or an annualized 2.11% of average loans, compared to $26.5 million in 4Q 2013.

Deposits, net of government and brokered, increased by $102.2 million in 1Q 2014.

Government deposits increased by $36.1 million in 1Q 2014.

Brokered certificates of deposit (CDs) decreased by $15.6 million in 1Q 2014.

Deferred Tax Asset valuation allowance of $519 million.

1Q 2014 Capital position was further strengthened:

Risk Based Capital Ratio 17.6% compared to 17.1% in 4Q 2013;

Tier 1 Ratio 16.2% compared to 15.8% in 4Q 2013; and

Leverage Ratio 11.7% compared to 11.7% in 4Q 2013.

5

Opportunity for Earnings Growth

Successful deposit growth over recent years

Core Deposits(1)

($ in millions)

$7,500 $6,490 $6,738 $6,876

$6,176

$5,800 529 706 742

$6,000 $5,108 481

470

448 2,077 2,054 2,073

2,126

$4,500 2,090

1,505

915 1,108 1,136 1,201

$3,000 774 763

$1,500 2,381 2,477 2,654 2,776 2,842 2,860

$-

2009 2010 2011 2012 2013 1Q 2014

Total Deposit Composition

Non-interest Non-interest

bearing bearing

6% 9%

Brokered CDs Brokered CDs

60% 31%

Interest bearing Interest bearing

34% 60%

4Q 2009 4Q 2013

Retail Commercial CDs & IRAs Public Funds

Core deposit growth strategy continues producing positive results; $1.8 billion since 2009

Florida continues to be a strong funding source

Focus remains on cross-selling opportunities

We are prepared for a reduction in government deposits

Cost of deposits, net of brokered CDs, decreased to 0.76%

Reduced reliance on brokered CDs

$3.1 billion (31% of deposits) today vs. $7.6 billion (60%) in 2009

Cost of Deposits(1)

2.00%

1.88%

1.50%

1.56%

1.34%

1.00%

0.97%

0.81%

0.50% 0.76%

2009 2010 2011 2012 2013 1Q 2014

Total Deposits, Net of Brokered

1) Total Deposits excluding Brokered CDs.

6

Strong Origination Capabilities

Rebuilding & replacing to achieve higher yielding portfolio

($ in millions)

Loan Originations(1)

$1,016

$1,100 $920 $972

$863

$802

$880 431

448 517

$660 265 421

15

28

$440 308 5 9 6

279

290 284 285

$220

229 262 177 162 151

$-

1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014

Continued focus on revenue generation through growth in commercial and consumer book following 2013 bulk sale transactions.

Origination activity at $863 million for 1Q 14 at healthy levels compared to 1Q 2013, but declined compared to 4Q 2013:

Decline compared to 4Q was mainly related to lower seasonal disbursements on commercial facilities; and

Residential mortgages originations declined due to overall market conditions and slower demand.

Executing within a more challenging market environment in Puerto Rico and have planned accordingly to achieve 2014 origination targets.

Continue building on Florida growth opportunities.

Purchased $234 million of residential mortgages from Doral Financial during 2Q 2014. The proceeds of the purchase were applied to the commercial loan First Bank had to Doral, eliminating First Bank’s single largest outstanding loan.

Loan Portfolio

$15,000 $13,949

20

$11,957

$12,000

6,942

$9,000

$6,000 1,493

1,898

$3,000

3,596

301 $10,576 $10,140 $9,836 $9,683 $9,623 $9,712 $9,646

16 85 276 238 115 76 79

5,822 5,696 4,932 4,604 4,604 4,692 4,766 4,852 4,794

701 428 362 223 195 164 169 153

1,716 1,562 2,013 2,020 2,047 2,059 2,067 2,072

3,417 2,874 2,747 2,714 2,511 2,519 2,549 2,548

2010 2011 2012 1Q13 2Q13 3Q13 4Q13 1Q14

$0

2009

Residential Mortgage

Construction

Loans Held for Sale

Consumer & Finance Leases

Commercial

1) Originations include purchases, refinancings, and draws from existing revolving and non-revolving commitments.

7

Continuing De-risking of the Balance Sheet

Proactively managing asset quality

($ in millions)

Non-performing Assets (NPA)

$2,000

1,790 NPLs Held for Sale

1,701 Repossessed Assets & Other

1,669

150

150 1,562 Loans Held for Investment

$1,600 163

1,639 NPAs / Assets

1,551 159 1,410 1,390 1,377

1,506 1,337 1,332 1,308

163 172 1,259 1,238

176 188

$1,200 194 213 242 1,087

1,239 1,233 1,208 251 260

1,184 1,138 1,119 148

1,066

1,008 976

$800 256 752 726 725 731

95 80 55 55

10.0% 10.2% 10.2% 683 151 147 175 154

9.5% 9.3% 9.6%

$400 8.4% 506 498 496 522

5.7% 5.7% 5.7%

$0

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2010 2011 2012 2013

Net Charge-offs (NCO)

$500

$445

Construction

$400 Commercial

186 Consumer

$295 Residential

$300

101

$200 $180

142 $161

41 7

118

$100 67 68

54 $51

38 35 56 1

63 28

39 37 29 17

$0 6

2010 (1) 2011 2012 2013 (2) 2014 YTD

NPAs are down over $1 billion, or 59%, since the peak in 1Q 2010

2013 bulk sale of NPAs ($441 million book value) resulted in NCOs of $197million

Total adversely classified assets decreased by $69.9 million from 4Q 2013.

Commercial NPLs are being carried at 54.6% of unpaid principal balance, net of specific reserves. Commercial REOs are carried at approximately 42% of UPB.

Focus remains on organic reductions of nonperforming assets including the disposition of $209 million of HFS and OREO

We continue to move many complex credit cases to a position in which the asset can be marketed and sold

Commercial NPLs (Includes HFS)(3)

Book Accum. Net Carrying

Product Reserves

Value Charge-offs Amount (4)

C&I $114.0 $63.0 $17.9 54.3%

CRE 152.5 49.8 25.7 62.7%

Const. 98.2 89.5 11.5 46.2%

Total $364.7 $202.2 $55.2 54.6%

1) Excludes $165 million of net charge-offs associated with the bulk sale to CPG in 2010.

2) Excludes $232 million of net-charge offs associated with the bulk asset sales and transfer of loans in 2013.

3) March 31, 2014.

4) Net Carrying Amount = % of carrying value net of reserves and accumulated charge-offs.

8

Focus on Strategic Plan

Rebuild earnings and de-risk balance sheet

($ in millions, except per share results)

Income Statement 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014

GAAP Net Interest Income $ 124.5 $ 126.9 $ 130.9 $ 132.7 $ 131.3

Provision for loan and lease losses 111.1 87.5 22.2 23.0 31.9

Non-interest income 19.1 14.3 16.0 18.4 18.0

Impairment of collateral pledged to Lehman (66.6) — —

Equity in (losses) gains of unconsolidated entities (5.5) 0.6 (5.9) (5.9) (6.6)

Non-interest expense 98.0 111.3 99.2 106.5 92.8

Pre-tax net income (loss) (71.0) (123.6) 19.6 15.6 18.0

Income tax (expense) benefit (1.6) 1.0 (3.7) (0.8) (0.9)

Net income (loss) $ (72.6) $ (122.6) $ 15.9 $ 14.8 $ 17.1

Adjusted Pre-tax pre-provision earnings (1) $ 50.5 $ 35.9 $ 50.9 $ 47.6 $ 56.9

Net Interest Margin, (GAAP) (%) 3.96% 4.04% 4.20% 4.25% 4.27%

Net income (loss) per common share-basic $ (0.35) $ (0.60) $ 0.08 $ 0.07 $ 0.08

1Q 2014 Highlights

Net income of $17.1 million, or $0.08 per diluted share.

Non-interest expense decline due to expense management initiatives and a reduction in credit costs. During 1Q 2014 completed branch rationalization activity in Puerto Rico which will result in consolidating 4 branches into larger in-market branches, later in the year.

1Q 2014 results were also impacted by a $6.6MM loss in the equity in earnings of the unconsolidated entity. The remaining investment in this entity is $669k which should limit the negative volatility in this line item in the future. Net interest margin increased by 2 basis points to 4.27% driven by higher yielding commercial loans.

Pre-tax, pre-provision income of $56.9 million, up $9.3 million from 4Q 2013, the highest level since 4Q 2009. Strong capital position(2) with total capital ratio, tier 1 and leverage of 17.5%, 16.2% and 11.7%, respectively.

1) See reconciliation on page 20.

2) FirstBanCorp cannot be considered well-capitalized because of the regulatory agreements.

9

Opportunity for Earnings Growth

Targeted strategies for growth

Puerto Rico Puerto Rico Market Share(1)

Opportunities for ongoing market share gains Current

Market Mar-14

–Largest opportunity on deposit products, electronic Share Rank

banking & transaction services

– Growth in selected loan products for balanced Auto / leasing 19% 2

risk/return to manage risk concentration and diversify

income sources Commercial 20% 2

–FirstBank-branded credit card portfolio continues to

Credit cards 17% 2

broaden and deepen relationships, while diversifying

revenue stream. Mortgage

16% 3

originations

SE Florida Personal 8% 4

Expansion prospects in Florida given long-term

demographic trends

ACH Transactions 12% 2

–Continue focus in core deposit growth, commercial

and transaction banking and conforming residential ATM Terminals 11% 3

mortgages

–Recently hired corporate and commercial lending Debit Cards 7% 3

teams generating growth in loan portfolio

POS Terminals 17% 2

Virgin Islands

Solidify leadership position by further increasing Branches 12% 4

customer share of wallet

Deposits 10% 4

1) Source: Office of the Commissioner of Financial Institutions of Puerto Rico as of 3/31/14 and internal reports.

10

Opportunity for Earnings Growth

Path to improved profitability

Net Interest Income Improvement

Provision Reduction

Fee Income Opportunities

Operating Expense Reduction

Cash liquidity re-investment

$600MM currently yielding 28 bps

Replacement of NPLs for performing loans

Additional loan growth as economy recovers across our geographies

Currently 133bps of loans (annualized

1Q 2014)

2000-2008 weighted average provision of 98bps on loans

Deposit fee income from expansion of transaction deposit base

Non-interest bearing represents only 9% of deposit base

Market share expansion of transaction processing

POS Terminals, Debit cards, ACH transactions, ATM Terminals

Annualized 1Q 2014 credit costs of $29 million compared to 2008 annual expense of $23MM

FDIC Cost reduction with credit profile improvement ($15 – 20 million annually)

Long-term Efficiency Ratio Target of 55%

1) Represents net loss on REO operations and professional fees from collections, appraisals and other credit related fees.

11

Key Investment Highlights

Continuing de-risking of the balance sheet

Total NPAs down over $1bn or 59% since peak in 1Q 2010 Focus remains on reductions of non-performing assets

Improving core operating performance

Pre-tax pre-provision income of $56.9m(1) highest level since 4Q 2009. NIM expanded 31 bps compared to year-over-year to 4.27% in 1Q 2013

Focus on stabilization of non-interest expenses; expected reduction in credit-related expense

Healthy capital levels

Tier 1 Common of $1.2bn or 13.2% and Tier 1 capital of 16.2% Tangible Book Value of $1.1bn or $5.48 / share(2)

Deferred Tax Asset Valuation Allowance of $519m; Adjusted Tangible Book Value(3) of $7.97 / share

Opportunity for revenue expansion and earnings growth

Strong loan origination capabilities ($3.7bn FYE 2013)

Potential for NIM expansion through replacement of NPLs with performing loans Expected reduction in credit-related and other expenses (e.g., FDIC insurance) Expected benefits of recent branch rationalization

Increasing market share in fee generating products and services, consumer and mortgage loan originations Opportunity for commercial loan growth in SE Florida with hiring of commercial and corporate loan teams.

Long-term potential for value creation from consolidation in Puerto Rico

As of March 31, 2014.

1) See reconciliation to net income on page 19.

2) See reconciliation to total equity on page 20.

3) Assuming 100% reversal of Deferred Tax Asset Valuation Allowance of $519m; shares outstanding of 209m. See reconciliation to adjusted tangible book value on page 20.

12

Appendix

Puerto Rico Government Exposure

As of March 31, 2014

($ in millions)

Total asset exposure to the Puerto Rico Government as of March 31, 2014 was $476 million.

–Exposure supported by first lien on tax and property revenues.

In addition, there is $197 million of indirect exposure to the Tourism Development Fund supporting hotel projects.

Total Government Deposits as of March 31, 2014 were $545 million.

We are prepared for a reduction in government deposits.

Total

Government Unit Source of Repayment Outstanding

Investment Portfolio $ 72.8

Central Government:

Commonwealth Appropriations 26.2

Federal Funds 18.0

Tax & Revenue Anticipation Notes 75.0

Total Central Government (4 Loans) 119.2

Public Corporations:

Operating Revenues 79.5

Rental Income 4.0

Total Public Corporations (4 Loans) 83.5

Municipalities (10 Loans) Property Tax Revenues 200.3

Total Direct Government Exposure $ 475.8

Time Transaction

Government Unit Deposits Accounts Total

Federal Funds $- $ 8.3 $ 8.3

Municipalities 19.1 91.4 110.5

Public Agencies 3.5 185.4 188.9

Public Corporations 235.0 2.0 237.0

Total $ 257.6 $ 287.2 $ 544.8

14

Stock Profile

Trading Symbol: • FBP

Exchange: • NYSE

Share Price (6/13/14): • $5.28

Shares Outstanding

• 208,967,883

(as of March 31, 2014):

Market Capitalization

• $1.1 billion

(6/13/14):

1 Yr. Average Daily Volume: • 923,263

Price (6/13/14) to Tangible

• 0.96x

Book (3/31/14):

Price (6/13/14) to Adjusted

• 0.66x

Tangible Book (1)(3/31/14):

Beneficial Owner Amount Percent of Class

Entities affiliated with Thomas H. Lee Partners, L.P. 41,851,067 20.0%

Entities managed by Oaktree Capital Management, L.P. 41,851,066 20.0

United States Department of the Treasury (2) 20,966,340 10.0

Wellington Management Company, LLP 13,210,659 6.3

1) Assuming 100% reversal of Deferred Tax Valuation Allowance of $519m; shares outstanding of 209m.

2) Includes the U.S. Treasury warrant that entitles it to purchase up to 1,285,899 shares of Common Stock at an exercise price of $3.29 per share, as adjusted as a result of the issuance of shares of

Common Stock in the Corporation’s $525m private placement of Common Stock completed in October 2011. The exercise price and the number of shares issuable upon exercise of the warrant are subject to further adjustments under certain circumstances to prevent dilution. The warrant has a 10-year term from its issue date and is exercisable in whole or in part at any time.

15

Capital Position and Asset Quality

Core franchise is strong

Asset quality remains our number one focus, while preserving and growing capital

17.4% 17.3% 17.5% 17.8% 17.4% 17.5%

18.0% 17.1% 16.9% 17.1%

16.6%

16.2% 16.5% 16.2% 16.2%

16.0% 16.0% 15.8%

13.3% 13.4% 13.3% 15.3% 15.6%

15.8%

12.4% 12.4%

12.0% 12.0%

12.0%

10.7% 12.5% 12.7% 12.6%

12.1% 10.7% 12.3% 12.1%

12.0% 12.0% 11.1% 11.9% 11.7% 11.7% 11.7%

11.1% 11.3%

10.0% 10.0% 10.2% 10.2% 10.2% 10.1%

9.5% 9.8% 9.6% 9.5% 9.4% 9.3% 8.4% 8.3% 8.4% 8.4% 8.1% 8.0% 6.0% 7.6% 7.8%

5.9% 5.7% 5.7% 5.7%

0.0%

1Q 10 2Q 10 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14

NPAs / Assets Total Capital Tier 1 Leverage

Strong capital position: Total capital, Tier 1 capital and Leverage ratios of the Corporation of 17.5%, 16.2% and

11.7%, respectively. $519 million Deferred Tax Asset Valuation Allowance.

16

Non-performing Assets

($ in millions)

2009 2010 2011 2012 2013 1Q 2014

Non-performing loans held for investment:

Residential mortgage $ 441,642 $ 392,134 $ 338,208 $ 313,626 $ 161,441 $ 172,796

Commercial mortgage 196,535 217,165 240,414 214,780 120,107 145,535

Commercial & industrial 241,316 317,243 270,171 230,090 114,833 113,996

Construction 634,329 263,056 250,022 178,190 58,866 50,387

Consumer & finance leases 50,041 49,391 39,547 38,875 40,302 39,061

Total non-performing loans held for investment 1,563,863 1,238,989 1,138,362 975,561 495,549 521,775

OREO 69,304 84,897 114,292 185,764 160,193 138,622

Other repossessed property 12,898 14,023 15,392 10,107 14,865 15,587

Other assets (1) 64,543 64,543 64,543 64,543 —

Total non-performing assets, excluding loans held for sale 1,710,608 1,402,452 1,332,589 1,235,975 670,607 675,984

Non-performing loans held for sale—159,321 4,764 2,243 54,801 54,755

Total non-performing assets $ 1,710,608 $ 1,561,773 $ 1,337,353 $ 1,238,218 $ 725,408 $ 730,739

1) Collateral pledged with Lehman Brothers Special Financing, Inc.

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Quarterly Migration Trends

($ in millions)

1Q 2014 Residential Commercial Commercial

Mortgage Mortgage and Industrial Construction Consumer Total

Beginning balance $ 161,441 $ 120,107 $ 114,833 $ 58,866 $ 40,302 $ 495,549

Plus:

Additions to non-performing 34,883 32,084 20,655 111 16,287 104,020

Less:

Non-performing loans transferred to REO(1,968)(231) -(2,174) -(4,373)

Non-performing loans charged-off(5,222)(5,810)(14,422)(871)(12,654)(38,979)

Loans returned to accrual status / loan collections(16,338)(1,790)(5,895)(5,545)(4,874)(34,442)

Reclassification—1,175(1,175) —

Ending balance $ 172,796 $ 145,535 $ 113,996 $ 50,387 $ 39,061 $ 521,775

4Q 2013 Residential Commercial Commercial

Mortgage Mortgage and Industrial Construction Consumer Total

Beginning balance $ 142,002 $ 127,374 $ 127,584 $ 64,241 $ 37,184 $ 498,385

Plus:

Additions to non-performing loans 47,168 10,104 10,760 146 19,517 87,695

Less:

Non-performing loans transferred to REO(2,601)(11,857)(5,939)(669) -(21,066)

Non-performing loans charged-off(3,495)(2,166)(7,632)(369)(10,799)(24,461)

Loans returned to accrual status / loan collections(21,632)(3,348)(9,940)(4,483)(5,600)(45,004)

Ending balance $ 161,441 $ 120,107 $ 114,833 $ 58,866 $ 40,302 $ 495,549

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Adjusted Pre-tax, Pre-provision Income Reconciliation

($ in thousands)

Quarter Ended

1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014

Income (loss) before income taxes $(71,011) $ (123,562) $ 19,616 $ 15,634 $ 17,970

Add: Provision for loan and lease losses 111,123 87,464 22,195 22,969 31,915

Add: Net loss on investments and impairments 117 42 — -

Less: Unrealized gain (loss) on derivatives instruments and

(400)(708)(232)(355)(313)

liabilities measured at fair value

Add: Bulk sales related expenses and other professional fees

5,096 3,198 — -

related to the terminated preferred stock exchange offer

Add: Loss on certain OREO properties sold as part of the bulk sale

—1,879 — -

of non-performing residential mortgage assets

Add: Secondary offering costs (1) — 1,669 —

Add: Credit card processing platform conversion costs — 1,715 —

Add: National gross receipt tax (2)—1,656 — -

Less: National gross receipt tax—outside Puerto Rico (3) — -(473) -

Add: Branch consolidations and other restructuring ——1,421 718

expenses/valuation adjustments

Add: Write-off collateral pledged to Lehman and related expenses—66,574—2,500 -

Add: Equity in losses (earnings) of unconsolidated entities 5,538 (648) 5,908 5,893 6,610

Adjusted pre-tax, pre-provision income $ 50,463 $ 35,895 $ 50,871 $ 47,589 $ 56,900

(1) Offering of common stock by certain of the Corporation’s existing stockholders.

(2) Represents the impact of the national gross receipts tax corresponding to the first quarter of 2013, recorded during the second quarter after enactment of Act No. 40.

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(3) Represents the impact of the national gross receipt tax related to the trade or business outside of Puerto Rico that was reversed in the fourth quarter after enactment of Act No. 117.

Tangible Book Value Per Share Reconciliation

($ in millions, except for per share data)

1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014

Tangible equity:

Total equity—GAAP $ 1,404 $ 1,222 $ 1,221 $ 1,216 $ 1,256

Preferred equity (63) (63) (63) (63) (57)

Goodwill (28) (28) (28) (28) (28)

Purchased credit card relationship (23) (22) (21) (20) (19)

Core deposit intangible (9) (8) (8) (7) (7)

Tangible common equity $ 1,282 $ 1,101 $ 1,101 $ 1,098 $ 1,145

Common shares outstanding 206 207 207 207 209

Tangible book value per common share $ 6.21 $ 5.32 $ 5.32 $ 5.30 $ 5.48

Deferred tax valuation allowance $ 384 $ 523 $ 520 $ 523 $ 519

Deferred tax valuation allowance per share 1.86 2.53 2.51 2.53 2.48

Adjusted tangible book value per share (1) $ 8.08 $ 7.85 $ 7.83 $ 7.83 $ 7.97

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Puerto Rico Economic Overview

Economic Growth

After a prolonged period of economic contraction, Puerto Rico’s economy returned to a moderate positive growth in 2012 and 2013. The Puerto Rico Planning Board projects a period of slight economic growth for 2014 and 2015.

Real GNP Growth

(Revised as of April 2014)

1.9% Projection

0.9%

0.5% 0.3% 0.2%

0.1%

-1.2%

-1.7%

-2.9%

-3.8% -3.6%

2005 2006 2007 2008 2009 2010 2011 2012 2013p 2014 2015

Source: Puerto Rico Planning Board, P = Preliminary

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Economic Activity Index (GDB-EAI)

In absence of official quarterly economic data, the GDB EAI is one of the main tools to gauge short-term economic behavior of the Puerto Rico economy. During recent months, the index is starting to show signs of improvement.

GDB – Economic Activity Index (2009-2014)

4.0% (as of April 2014)

2.7%

3.0%

2.0% 1.5%

1.4%

1.0%

1.2%

0.0%

-1.0%

-1.0% -1.8%

-2.0% -2.8% -2.3% -1.3%

-3.0%

-4.0% -3.3%

-5.0% -4.3% -4.3%

-4.6%

-6.0%

-7.0% -6.2% -5.8%

Jan Apr —Jul Oct Jan Apr —Jul Oct Jan Apr —Jul Oct Jan Apr —Jul Oct Jan Apr —Jul Oct Jan Apr

09— 09— 09 09— 10— 10— 10 10— 11— 11— 11 11— 12— 12— 12 12— 13— 13— 13 13— 14— 14 -

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Source: Government Development Bank for Puerto Rico.

Retail and Auto Sales

Increases in consumer behavior indicators show a divergent story from overall economic growth data, a reflection of Puerto Rico’s large informal economy.

Retail Sales Auto Sales

(As of February 2014)

Jan-14

Oct-13

Jul-13

Apr-13

Jan-13

Oct-12

Jul-12

Apr-12

Jan-12

Oct-11

Sales 2014) Jul-11

Apr-11

February Jan-11

Oct-10

Retail of Jul-10

(As Apr-10

Jan-10

Oct-09

Jul-09

Apr-09

Jan-09

8.0% 6.0% 4.0% 2.0% 0.0% -2.0% -4.0% -6.0%

Source: Government Development Bank for Puerto Rico.

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Sales and Use Tax

Sales and Use Tax collections have been consistently growing since 2009, showing a growth trend in retail sales in spite of the economic recession.

Sales and Use Tax Revenues (2009-2013)

(in millions)

CAGR: 3.4% $1,176

$1,138

$1,107

$1,094

$993

2009 2010 2011 2012 2013

Source: Treasury Department.

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Personal Consumption Expenditures - US

A correlation analysis of personal consumption expenditures and overall gross product in the US, shows a high correlation and behavior trend.

US – Personal Consumption Expenditure vs. Gross Product

PCE GDP

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

-1.0%

-2.0%

-3.0%

-4.0%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Bureau of Economic Analysis

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Personal Consumption Expenditures - PR

In the case of Puerto Rico, analysis shows a marked gap between PCE and GDP . This is a reflection of the island’s informal economy in which consumption behavior is not equally affected by overall economic performance.

PR – Personal Consumption Expenditure vs. Gross Product

PCE GDP

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

-1.0%

-2.0%

-3.0%

-4.0%

-5.0%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Puerto Rico Planning Board

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Tourism

Tourism industry has shown a consistent recovery trend since 2009, largely supported by overall US economic recovery.

Hotel Occupancy Rates

73.0% 72.5%

72.2%

72.0%

71.5% 71.4%

71.0%

70.2%

70.0% 69.6%

69.0%

68.5% 68.3%

68.0% 67.8%

67.0%

66.0%

65.0%

2005 2006 2007 2008 2009 2010 2011 2012 2013

Hotel Registrations

2,500 (in thousands)

2,000

1,500

1,000

500

0

2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Government Development Bank

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Labor Market

Employment indicators starting to show signs of improvement — unemployment rate at 14.1%, markedly off the recession peak of 16.9%, and labor force growth gradually reaching levels of positive growth.

Unemployment Rate

(4/30/2014 – seasonally adjusted)

12 13 14 15 16 17 18

0% 0% 0% 0% 0% 0% 0%

Jan-09

Apr-09

Jul-09

Oct-09

Jan-10 16

.

Apr-10 9%

Jul-10

Oct-10

Jan-11 16

Apr-11 5% .

Jul-11

Oct-11

Jan-12 15

Apr-12 .

Jul-12 6%

Oct-12 14

Jan-13 13 .

Apr-13 . 3%

Jul-13 5%

Oct-13

Jan-14 15

14 .

Apr-14 . 5%

1%

Labor Force Growth

(4/30/2014 – seasonally adjusted)

0.0%

-0.4%

-0.5%

-1.0% -1.1%

-1.0%

-1.5%

-1.7% -1.6%

-2.0% -2.2%

-2.5%

-3.0% -2.9%

-3.5%

-3.6%

-4.0% -3.7%

09 09 09 09 10 10 10 10 11 11 11 11 12 12 12 12 13 13 13 13 14 14

Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr

Source: Bureau of Labor Statistics

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Historical Unemployment Rate

Puerto Rico’s unemployment rate has been historically above average rates in the US, averaging 14.6% since 1963. At current level of 13.4% (not seasonally adjusted), unemployment rate is close to recent average of 13.3%.

Unemployment Rate since 1963

(not seasonally adjusted)

0 5 10 15 20 25 30

0% 0% 0% 0% 0% 0% 0%

Jan-63

Sep-64

May-66

Jan-68

Sep-69

May-71

Jan-73

Sep-74

May-76

Jan-78

Sep-79

May-81

Jan-83

Sep-84

May-86

Jan-88

Sep-89

May-91 20 10 5

Sep-94 Jan-93 year year year Average Actual

May-96

Jan-98

Sep-99

May-01 average: average: average: since1963:

Jan-03

Sep-04

May-06

Jan-08

Sep-09

May-11 12 13 15 14 13

Jan-13 .

9% 3% 3% 6% 4%

Source: Government Development Bank

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Proposed General Fund Budget for FY 2015

Summary of proposed budget pending legislative approval

FY2015 Proposed Budget

(in millions)

$9,640 $9,640

No built-in deficit

financing or debt

restructuring

$-

Budgeted Expenses FY- Gap Budgeted Revenues FY-

2015 2015

Preliminary Revenues for FY2015

(in millions)

$9, 525 $115 $9,640 Budgeted Revenues FY-2014 Increase Budgeted Revenues FY-2015

Preliminary Expenses for FY2015

(In millions) $9,770 +$575+$652-$1,357 = $9,640

FY2014 Budgeted Expenses

Debt service on previously restructured debt

Increase in unavoidable expenses*

Adopted cost reduction measures Estimated Expenses FY2015

Source: Office of Management and Budget.

* Includes expense increases due to retirement system’s reform, collective bargaining agreements, debt service payments of recently issued bonds, etc.

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